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    <description>The Finance Minister attributed Kerala&#039;s fiscal crisis to state-level fiscal policies while asserting that Centre-to-state transfers increased and complied with Finance Commission recommendations. She cited a Supreme Court observation on borrowing limits that Kerala over-utilised fiscal space and a CAG audit finding that most 2022-23 debt receipts were used to repay outstanding debt, which she presented as evidence of poor state debt management.</description>
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